Solution-What is the cost of goods manufactured

What is the cost of goods manufactured

Reference no: EM132948735

Question - FTC Company has the following data on July 31, 2016: July manufacturing overhead P30,101.30; decrease in material inventory P2,430.00; decrease in goods in process inventory P590.00; Increase in finished goods inventory P1,320.40

The manufacturing overhead amount to 50% of the direct labor and the direct labor and manufacturing overhead combined equal to 50% of the total cost of manufacturing. All materials are purchased FOB shipping point.

What is the cost of goods manufactured?

Reference no: EM132948735

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What is the cost of goods manufactured : FTC Company has the following data on July 31, 2016: July manufacturing overhead P30,101.30; What is the cost of goods manufactured

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What is the cost of goods manufactured

Reference no: EM132948735

Reference no: EM132948735

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